Skip to main content

About your Search

( more )
CNN 16
FBC 11
WHUT (Howard University Television) 7
( more )
English 240
Search Results 0 to 49 of about 242 (some duplicates have been removed)
and little optimism. >> the world economy recovery continues, but it has weakened further. in advanced economies, growth is now too little to make a substantial dent in unemployment. >> reporter: colleagues cut their forecasts for growth worldwide to 3.3% this year. the recovery has suffered new setbacks, they wrote. and uncertainty weighs heavily on the outlook. >> you can call it a general feeling of uncertainty about the future. worries about the ability of european policy makers that control the euro crisis. there are worries about the failure of u.s. policy makers to agree so far on a fiscal plan. >> reporter: he ran through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a co
's helping the economy make a comeback. a "set back" for stocks, on investor jitters about the global economy. the major averages are now in negative territory for october. is this a buying opportunity or time to take profits? and toyota, once known for quality, announces yetnother major recall. does this make toyota less popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existg home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 1
is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
saying they're slowing down but a hard landing. stabilizing around here helping out the world economy tremendously but in my opinion still remains to be seen. i am not quite sure, china will hold 7.5% level. sandra: charlie, you see reason to play defense into the upcoming election. in fact, you say there is a way to say if romney wins or if president obama wins. what would that exactly be if there was various outcomes to the election, obviously? >> i think the chances are that capital i believe pretty much on strike for most of this year is going to see the potential for better economy, the first year of any administration doesn't tend to be that good of a year for the market or the economy. the market would definitely see the possibility to come off the sideline in the later part of next year into 2014. your previous guest talking about how a win for obama pretty much has been discounted, but if you see it, it'll be capital sitting on its hands for the next four years. david: if in fact obama wins the election, fiscal cliff is resolved, therefore you think all this cash, we are seei
the economy. people are saying in the business community is that a guy that's unconnected -- this detached could ruin another four years for the country. neil: you reminded me that things could change in politics. a week ago at this time, mitt romney couldn't win. are we to tread carefully here making statements? >> you know, here is the deal. the romney campaign is on an upsurge. fundraisers, super pac razors, everybody on the gop is going to take advantage of that. because we never know what's going to be on the flipside. we don't know what's coming around after the next debate. so everybody is taking advantage of it. yes, your answer is we are on a roll right noo and we are taking advantage of it and we are going to do everything that we can. we don't know. you know come the next flip back and it can be obama. this is a very volatile race and it's tight. >> there is no doubt a couple of weeks ago and it looked like he was losing -- there was no doubt that his contribution -- they were saying that we are going to divert a ton of money to house and senate candidates in that debate proves
on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. it can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent questions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. do you believe that and how does that change the situation? >> it helps the situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job,
is the first dow component to report earnings, and is considered a bellwether of how the economy is faring. the stock barely budged in the regular session, closing at $9.13 a share, and was up a few pennies after hours. we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commerc
trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise bank
. germany is opposing the deal. >> lack of action from europe could risk pushing the global economy back into recession. >> you're watching "worldwide exchange," bringing you big news from around the globe. >>> welcome. "worldwide exchange" exchange. it's hump day. >> yes, it is. although it's been a shorter week for me. doesn't quite work that day. i guess i'm already over the hump. >> plenty coming up on today's program. >> indeed. let's take a look at where we'll be going around the world. >> won't attend imf meetings there as tensions between the two countries intensify. the u.s. government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though,
economy. it sounds so reasonable when you put it like that. let me tell you why it's not. right now while we've got a deficit, the people we are borrowing money from believe we will pay it back because we set out a tough plan to cut spending and to live within our means. that's why our interest rates are amongst the lowest in the world even though the deficit left us by labour was one of the highest in the world. if we did what labour wants and we water down our plane, the risk is that the people we borrow money from woodstock to question our ability and our resolve to pay off our debts. some might actually refuse to lend us any money at all. others would only send it to us at higher interest rates. that would hurt the economy and it would hit people hard. if you have a mortgage of 100,000 pounds, just a 1% increase in interest rates would mean an extra thousand pounds to pay each year. so labour's plan to borrow more is actually a massive gamble with our economy and our future. it would squander all of the sacrifices we have already made. and let me put it like this. we are here be
out of peripheral economies in europe back to the core ones. that's been pushing up borrowing costs for governments and banks in countries such as spain and italy. vinals said neighbor nations need to do their part toward stability. policymakers need to build stronger firewalls and establish a banking union and a single supervisor. he said weak banks need to restructure their financing. now, vinals said what's happened in europe should serve as an example for financial leaders in the united states as well as here in japan. he said waiting until the strains become clearer just leads to harsher outcomes. vinals says japan's high level of debt presents a stability risk and said the government leaders need to deal with budget problems. they pointed to commercial bank holdings of government bonds as yet another risk. they project in five years bonds could make up a third of those banks' total assets and they warned those institutions would suffer heavy losses if interest rates rose. now, vinals said japanese leaders need to be more vigilant about their risks. i had a chance to speak with
for a fourth day of losses. the dow down triple digits near session lows right now. the economy is "modestly growing." that has not turned the market around. the biggest laggers on the dow, chevron, alcoa, and caterpillar. facing a broad-based selloff. across the board, we will keep our eye on those stocks for you. no surprise to see alcoa drop in today. kicking off earnings after the bell yesterday beat estimates but cut global demand, that outlook anyway and that stock is suffering. yum much better after his report, shares are rallying this morning. apple flipping two days of losses, in green territory. shares are up as well expecting a smaller version of the popular ipad coming next week. of course we will be covering it for you on fox business. traders on the new york stock exchange, cme group and the nymex. not even sure what to call this report today out of the fed. >> neutral and unexciting, that is what we got. the facts and the data we're getting, the market trending based upon third-quarter earnings pretty much telegraphed into the market. quite interesting to me how we drifted low
, a menace to our economy. mitt romney knows it's not wall street you have to worry about it's sesame street. >> people are criticizing that ad. are they right or wrong? i will decide. later in the program, is this the world's worst wedding ever? >> in the video, you can see officers wield be batons. it was necessary to control the crowd which police say had been drinking. >> that's not even the elbow of the day although a couple of elbows did fly in that. all right it's go time! ♪ ♪ >> bernie madoff. >> big bird. >> big bird. >> glut tons of greed. one man has the gouts speak its name. >> it's me, big bird. >> i love big bird. >> somebody's cracking down on big bird. >> big yellow, a manness to our economy. >> he's going to bring the hammer down on sesame street. >> we just think it's time you flew the coop. >> that was a good debate. i liked the debate. >> new strategies, just call it liars. >> don't pay attention to that behind the curtain. >> romney, ryan, 2012. yay! >> well, democrats woke up this morning with their hair on fire think what the hell is going on? why? because they saw
it a cliff but you should have spasms a year ender that could take the whole economy under when all the bush tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession
is the latest contribution for people having access in our economy rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating ia of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe, obviously we're going train people in the right way to abide but all the traffic regulations that we have, but as i sit in my car on days where i have to wait and 7, watch these scooters go by, it's kind of like where am i and what am i doing and can i contribute even more, so it's exciting to see this happen in san francisco, to see its launch, it's exciting that it's an idea that incubated out of the hub, it's exciting to not only see that it's fun for people to get around, to be more efficient and to kind of stralgts the lanes, but it's exc
to create a new american economy, or one where advertisers work to keep your torn up and upset all the time to convince you the government is the source of all evil and mess up a two-car parade. the choice is believing that we are better off when we work for shared prosperity because too much inequality is a severe con strainlt on economic growth for everybody else. so should we work for shared prosperity or trickled down economics? this is the clear choice. it's a clear choice between president obama and governor romney. between shelly berkeley and her opponent. defeat steven, jon, and their opponents. they're not bad people and i'm new york city not trying to get you -- i'm not trying to get you torn up and upset. i'm telling you the truth. this is what is going to happen. if you really -- if you want north korea come back, quicker, stronger, broader, deeper, more modern, more relevant to the future, if you want to rebuild the 21st century american middle class and just as important give poor people a ladder in to it, you have to make the right choice. [applause] at nevada, look at the cr
the global economy is critical. europe is our largest export market, and it is in a slow decline that will go on for some time. china finds europe as their largest export market. we have an extraordinary relationship with china, with our exports. all of this is under challenge. the fundamental issue is to understand if we get rid of uncertainty, if we step up in a clear way and decide what we're going to do about our unemployment by using energy, by expanding tourism, by working hard to change our regulatory system, and if we face the fundamental realities, we can fix this. we only need one thing. we need leadership in the white house and congress. we need leadership in the business community. >> can this come significantly down? >> you asked if this is the new normal. >> that is the choice americans are going to make on election day. i think most americans would say no. the american spirit is alive and well. that will help us grow the economy. but you have to look at some fundamentals. for manufacturers it is more expensive than any other country in the world. that is after you take out the
to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell shares. to see how stocks are trading this wednesday morning, let's go to ra mean at the tokyo stock exchange. the earnings season kicked off in the u.s. giving investors the jitters it seems. >> jitters indeed. we did see the dow trading lower but the nasdaq was the biggest loser after a brokerage down grade for intel which weighed on that tech he
greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of compa
economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very
will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit, larry. i think there's certainly time to take some off the table. i'm glad we don't have to pay attention to third-quarter earnings. i've been sweating that. but 2% gdp growth after you get to an almost 10% deficit spend of $3 trillion out of deficit stimulus, it's not robust growth. what happens in this election is important. clearly people have to get out and vote. what's going to happen on this groundwork and infrastructure of our economy over the next four years is going to be crucial for future generations. >>. no, it's not about infr
of commerce to the retail federation. they were discussing the issue and how to get the economy back on track. wall street's top ceos and jpmorgan's dimon saying it's time for a deal. they are tired of kicking the can down the road. avoiding t fiscal cliff requires political sacrifice on both sides. they are not alone wanting a certain degree of state for the markets, and in turn, for investors. joining me is president for erica's for tax reform. welcome back to the show. a pasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. wi friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit andut spending and elect the socialist president of franceho is now raising their personal incomeaxes to 75% and their capital gns taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody'ssuggesting that here. in fact -- >> they were not in france either. ger
the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and fundi to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the president's campaign ad, the nonprofit organization wrote quote, we have approved nong campaign add and as of our general practice, have requested that they be taken down, big bird joining the aarp, and a cincinnati deli owner and nbc's andrea mitchell on the list of people who' the obama campaign to just leave them out of the obama campaign, bad news piling up for the president, some of his most reliable brends hitting him hard, little bi politic coct small ball. and the silly obama campaign. and nbc news called ad absurd, their chief white house correspondent chuck todd said, quote, when can the obama campaign going to stop talking about the debate. they cannot se to turn the page from the debate. any conversation about that debate, i assume helped mitt romney. that
-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care coverage to workers. they were doing that the health reform law struck it out. it obliterated it because they were too cheap. they didn't provide enough in the way of benefits. a lot of high turnover in these industries. they are naturally part-time. we may start to look like japan where 25% of the workforce is part-time. the u.s. is running around 13%. that is the bottom line.
that regardless of who wins the election or controls congress is quite clear that the economy will have to suffer potentially from higher taxes and indeed reduced government spending. >> rick santelli, you heard that whole list of reasons. is that why we saw this ten-year auction today? people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base material
imf forecast for the global economy sent stocks sliding down 110 points. nasdaq was the day's biggest loser posting its largest loss since junee 25th. earnings season starts off on a good foot. alcoa beat estates o to and bottom line. shares are getting a nice pop after-hours. >>> government is filing a civiluit ainst wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor gela merkel arrived in greece today and was met with massive protests some greeks even dressed as nazis to mock the german leader that is so nice. what a great welcome. why are the greeks protesting one of the few people who might actually be able to help them escape a economic meltdown? joining me for more on is story, univeity of chicago proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think ts is a reminder that geeks have not done the hard reforms they
for the failure, the misery that this economy is right now and lay out a plan going forward. and i think mitt romney is just going to keep doing that. barack obama can spin and his surrogates can say some of the things stephanie was saying and they can run all these ads they're distractions and try to win this race outside of those debates. but these debates are important because you have two people unfiltered going back and forth on their ideas and their records, and so far, governor romney i think has laid out a pretty compelling case and the president's has been pretty weak. >> so far, he's certainly winning the battle of the debates but there are two more to go and a lot to play for. thank you very much. >> good to be with you, piers. >>> coming up, the actress under fire for supporting mitt romney. why she's facing racist attacks. stacy dash talks to me exclusively. here she comes. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to for recipes, plus
everything but the kitchen sink. the disparity between the stock market and the reality of the economy is the spread is very wide. anticipation of the uncertainty. you know, we've been talking for weeks, months, the fiscal cliff. here's the correction. i'll go along with it. yes, i think market's going to work its way lower. >> dan, are you nervous that all four of you agree and are nervous? >> i'm not really that nervous. >> when we get 5% corrections, they're over and done with before we have a chance to act on it. if you get a 5, even 7% correction, you want to use that opportunity to buy stocks that may be down 8 to 9%, 10%, perhaps. >> what are you going to buy here, david? >> i'll give you a few names. on a smaller cap site, itt, which is a spinout. about a year ago they spun out their defense and water business. i think the management is very shareholder driven. the yield is compelling, and they're going to grow the yield. another name that looks compelling to me is the housing market continues to improve. lowe's, very shareholder driven. valuation at a discount to home depot. i
. the resulting economy has resulted in internet base for short term rentals and many of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have use
city with all these events and at the same time we're creating jobs and we're making sure our economy is boosting at the same time. we've been very successful at creating conditions to make sure that our investors and our entrepreneurs in this city maintain their investor confidence, allowing them to innovate, to grow and to create jobs. and whether they are a neighborhood or a small business or an international clean tech company or new technology company, they've got investor confidence in our city. we're also creating investor confidence because we have in working closely with our controller and all the other financial organizations of our city and all of our departments, we're now on a more financially stable responsible path. we've done our pension reform, it's not 100 percent, we've gt a big chunk of it down and we're going to continue doing the smart things to make sure that pension is solid. and we've got structural reforms in our budget as well. we passed our first two-year budget. that's a wonderful accomplishment, one that i'm interested in to continue it make sure we
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome >> coming up on "the willis report", more evidence obamacare is doing more harm than good for our economy. gerri breaks down how the president's new health plan will hurt your bottom line acts. and obama's campaign painted ronnie's tack when his tax plan black. we will ask professor harvey rosen later. and our financial expert will be with us. next on "the willis report." the gerri: well, there is an old saying that says when you're in a hole, stop digging. that is what is going on when it comes to the economy and the president obama's policy. our economy is like a car on winter morning, barely turning over. obamacare, health care law is a good case in point. a new study shows obamacare will cost a total of $26 billion to implement. just to implement the blizzards and blizzards of new regulations and paperwork required. again, i'm not talking about the increased costs or higher cost doctors. we are just looking at putting law into effect. here's the detail. the private sector will bear the biggest burden of those costs, $20.4 billion over the lifetime. states will have to pony up 7.2 bill
. >> big bird, big bird its me, big bird. >> big, yellow. a menace to our economy. and milt romney knows it's not wall street have you to worry about. it's sesame street. >> i'm going to stop the subsidy to pbs. >> zp this sesame me street folks say they don't endorse candidates for participate in political campaigns. obama campaign says it's taking their request under advisement. >> a's going up against tigers tonight and trying to keep playoff hopes alive. there is they they are down. >> you would think they are up, not down. everybody thinks they're going to pull off a sweep and move on to the next round and if there is anyone that can do it, it's the a's. and there is where they swept owe get into playoffs. these guys are going to have fun. >> this is what it's all about. you play 162 games per year to get into this position. and there is to be in playoffs it's been everything i thought it would be. this is a blast its been fun. right? >> fun making it post season. but that is behind us now. and this is about getting to it. winning the world series. >> if you can win it's here. >> we do
and the greatest peacetime expansion of our economy in the nation's history. by contrast, the decade checked by bush tax rates squandered our budget surpluses, produced net-jobs and culminated in the great recession. the lesson here is that the contrary -- is that contrary to supply ciders, the level of the top rate does not by itself dictate what happens to g.d.p. but a balanced budget aided by increased revenues just might restore confidence to investors and jump start our economy. for the third and final element of this tax reform model, we turn to investment income. it is time to reduce the sizable differential and the tax treatment of earned and unearned income. the reduction in the capital gains rate to 15% under president bush was a major contributor to the growth and wealth disparities we see today. the top 1% on average received 20% of incoming capital gains, 10 times as much as the rest of the country. capital gains makes up 60% of the income recorded by the forbes 400. the extremely low 50% rate in effect today is an allied air. it is the lowest rate on investment income since the
the united states economy. the price and economic impact would be much greater if these occurred. we hope that this paper which is a departure from the focus of most papers on the consequences of a nuclear iran or a nuclear capable iran will trigger a new discussion and enable an expanded debate on the topic. i would like to introduce michael, the foreign policy director of the bpc, a former oil analyst to boot. he directed this effort and will review some of the key findings. he will introduce our very distinguished panel. mike. >> thank you, senator. thank you everyone for coming. as the senator said, the purpose of this report is really to trigger a debate. we are not suggesting that we have all of the answers, but we wanted to introduce a new dimension to the debate about iran about preventing a nuclear iran. we are not -- focusing on the economics, we are not suggesting the economic issues should drive united states policy one way or another. but it has definitely come up in the debate. it has been raised, certainly in terms of let us say about the impact on sanctions and military, s
%. the feds fed's beige book report in the economy expanded modestly from mid august to september, the residential housing market employment consumer sppnding remaining flat. meanwhile, wholesale businesses increasing stockpiles in august, sales rising for the first time in four months, inventories and half of a percent. turning back to politics, joining us live from danville kentucky, senator ron johnson, member of the senate budget and appropriations committee. strong supporter of the governor, mitt romney. good to have you with us, senator we met harry doing? >> i'm doing great. a lot riding on this debate tomorrow night. congressman ryan, he is pretty nimble on the budget. you think that he is ready to do as well as the government that is well as president obama? >> nobody knows more about the federal budget and paul ryan does. nobody has put forward more serious proposals by paul ryan. i would expect this to be an interesting evening. he is no slouch in these things. he's going to have a real problem, the same problem the president obama had. he has a record that is almost im
will. i'll just create a better economy by snapping my fingers now. don't know how long he can get away with this, maybe until election day, but he's taking this position that it almost doesn't matter what he says as long as it sounds good at the time. >> cecile, let me ask you about, when you get up in the morning and worry about the possibility of this election going the wrong way from your perspective of a volunteer for obama, when you really think, and you have to talk to your best friends whom we care most about, when you tell pro choice women what they should fear from the next administration, should it be a romney administration, what is your concerns? what are the list of concerns you have? >> first of all, the thought that my daughters would have fewer rights than i do, or my granddaughters or other folks' children, women would literally lose the right to make their own personal decisions about health care, about having children is absolutely incredible. that is frightening. the other thing that's an immediate concern is planned parenthood. we see 3 million patients every year.
issue is what are we doing on taxes on the constructive part of the economy. we have to adjust them. >> george bush in 1990 entered into a deal and it was supposed to be balanced. the trade-off was to reduce spending. the higher taxes, for sure. reducing spending, we are still waiting. the negotiations are complex and there are many pieces to it. everything could end up being on the table. but there's no question that you have to occur long-term medical care entitlement costs. the number one spending program in the federal government. and will have to be looked at the health care reform and a bunch of other things that are complex. you cannot do one without doing everything. >> briefly i want to ask each of you whether you are optimistic or pessimistic, the things you think need to be done to restore business competitiveness can be done over the course of the next four years, however wins the election on november 6? >> i am highly optimistic. 100% certain it can all be done. the question you're asking is will they? i think there is going to be enormous pressure from business communi
can't, you should and don't even try. >> there's no jobs for human spirit the economy is bad. it's all my fault and i can't fix it. >> i'm betting on china. >> i'm in over my head. >> not enough money to pay the bank. and we have to move. >> you should vote for mr. romney. >> apparently one should manage to get some behind the scenes video of the president. we told you last week about for lucky donors who won a campaign contest to a dinner with president obama. at least they thought they were lucky until the bill came. >> watch would have been. not a fancy place but watch what happens when the check comes. the check is put down. the president very slyly slides it across. >> and look how much the check is. $14 trillion. 14 trillion. >> thanks everybody. that is it for this special report. >> you couldn't make it up, but why bother? there it is. i want to thank steve and just encase has the urge to start drinking of the, we have supplied them with a case of pbr. that's how he celebrates. the annual mrc dishonors award, as its winners chosen by distinguished cross-section of the vast righ
problem. here's the secret he's trying to hide. take a look at this. the economy is getting better. the jobless rate in ohio is falling. now down to 7.2%. so mr. economy has become mr. scare tactics. >> we are the most innovative and productive people in the world but we will not allow them to keep taking our jobs on an unfair basis. >> stop taking our jobs. yes. he's vowing to stop what president obama couldn't. it's time to crack down. it's time to get tough. it's time to stop the madness. >> china has cheated. i will stop them from stealing american jobs. we have to crack down on cheaters like china. when someone cheats like china, we have to crack down on it. >> cheating and stealing. okay, america. are you ready for the brick wall of reality romney ran into today? an amazing report reveals romney has invested in the companies that he's promising to crack down on. one of them ships 500 jobs to china. how is that for a crackdown? how is that for getting tough? the outsourcer in chief is still cashing in. the gop has lost control of this jobs debate and this won't help the case.
Search Results 0 to 49 of about 242 (some duplicates have been removed)